A. 
The Land Use Board may prepare a program of municipal capital improvement projects for the City pursuant to the standards and procedures set forth in this article in conjunction with the Master Plan. The Land Use Board shall recommend such program to the Common Council, which may adopt such program with any modification approved by an affirmative vote of a majority of the full authorized membership of the Common Council and with the reasons for said modification recorded in the minutes.
[Amended 8-28-2014 by Ord. No. 9-2014]
B. 
The capital improvement program shall be a program of municipal capital improvement projects projected for a period of at least six years. The program shall include major projects currently being undertaken or to be undertaken with federal, state, county and other public funds or under federal, state or county supervision. Such projects may include any major nonrecurring expenditure or any expenditure for physical facilities of government, such as costs for acquisition of land or interests in land; construction of buildings or other structures, including additions or major alterations; construction of streets and utility lines; construction or installation of public improvements; acquisition of fixed equipment; installation of landscaping and similar expenditures.
C. 
The capital improvement program shall include:
(1) 
A classification of the recommended projects based upon their urgency and need for realization.
(2) 
A recommendation of a time sequence to be followed in implementing the recommended projects.
(3) 
The estimated costs and revenues, if any, of each project, including estimates of the probable operating and maintenance costs.
(4) 
A tabulation of existing sources of funds, listing source and amount for each project, and, where such sources are insufficient, the need for additional sources of funds for the implementation and operation of each project.
(5) 
An estimate of the number of persons and establishments which will be displaced by each recommended project.
(6) 
Such other elements as the Land Use Board or Common Council may find useful or appropriate.
[Amended 8-28-2014 by Ord. No. 9-2014]
[Amended 8-28-2014 by Ord. No. 9-2014]
The program shall, as far as possible, be based upon existing information in the possession of the departments and agencies of the City. In preparing the program, the Land Use Board shall confer, in a manner deemed appropriate by the , with the Mayor, the chief fiscal officer, other City officials and agencies and the City's and regional school boards. Every City department, authority or agency shall, upon the request of the Land Use Board, transmit to said Board a statement of all capital projects proposed to be undertaken by such City department, authority or agency during the term of the program, for study, advice and recommendation by the Land Use Board.
[Amended 8-28-2014 by Ord. No. 9-2014]
Whenever the Land Use Board shall have adopted any portion of the Master Plan, the Common Council or other public agency having jurisdiction over the subject matter, before taking action necessitating the expenditure of any public funds, incidental to the location, character or extent of such project, shall refer the action involving such specific project to the Land Use Board for review and recommendation in conjunction with such Master Plan and shall not act thereon without such recommendation or until 45 days have elapsed after such reference without receiving such recommendation. This requirement shall apply to action regarding housing, parking, highway, special district or other authority, redevelopment agency, school board or other similar public agency, state, county or municipal.
The first year of the capital improvements program shall, upon adoption by the Common Council, constitute the capital budget of the City as required by the Local Budget Law, N.J.S.A. 40A:4-43 et seq.